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$1,170,000 Sale Pending

  • For Sale
  • Pending
  • Commercial Service
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Seize the rare opportunity to own a commercial property with high visibility, traffic count, and ample 14-car parking, located in the heart of Aquidneck Island's bustling business center! This Prime commercial real estate is across from major retailers such as Shaw's, CVS, Verizon, BJ's, West Marine, and steps from the always busy 2 Mile Corner. Presently this well-established bakery/restaurant, with its warm inviting atmosphere, is ready for a new owner or let your imagination run wild with endless possibilities and many business opportunities for this prime commercial location. Don't miss out on the uniquely strong commercial surroundings and activity this property offers. SELLER WILL CONSIDER RENTING PROPERTY WITH THE RIGHT OF FIRST REFUSAL TO PURCHASE!

Full Property Details for 72 E Main Rd

General

  • Price: $1,170,000
  • Taxes: $7,829 (2023)
  • Status: Pending
  • Type: Commercial Service
  • Source: STWMLS
  • MLS ID: 1352280
  • Updated: 11/9/2024
  • Added to Site: 751 day(s) ago

Business

  • Name: French Confection
  • Business Type: Bakery, Food & Beverage, Restaurant
  • Year Established: 2011
  • Seating Capacity: 32

Interior

  • Furnished: Yes
  • Furnishings: Furnished

Additional Information

  • Security/Safety: Fire Alarm, Smoke Detector(s)

Parking

  • Total Spaces: 14

Location

  • County: Newport
  • Subdivision: Two mile corner
  • Near Highway: Yes

Community

  • Units Assoc/Comm: 1

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ductless, Window Unit(s), Wall Unit(s)
  • Heating Type: Baseboard, Heat Pump, Hot Water

Utilities

  • Sewer: Connected, Public Sewer, Storm Sewer
  • Water: Connected, Multiple Meters, Public
  • Utility Description: Electricity Available, Natural Gas Connected, Municipal Utilities, Phone Available, Water Connected, Sewer Connected

Structural Information

  • # Buildings: 1
  • Detached/Attached: Attached
  • Construction: Frame
  • Basement: Yes
  • Basement Desc.: Full
  • Stories/Levels: 2
  • Building Size: 2236
  • Finished Total: 2,236 Sq. Ft.
  • Finished Above Grnd: 2,236 Sq. Ft.
  • Year Built: 1950

Lot Features

  • Lot Size (Acres): 0.26
  • Lot Size (Sq. Ft.): 11,325
  • Lot Size: 11325
  • Frontage: City Street, State Road, Asphalt, Paved
  • Street Lights: Yes
  • Sidewalks: Yes
  • Potential Use: Investment, Office, Retail

Financial Considerations

  • Tax Amount: $7,829.69
  • Tax Year: 2023
  • Terms: Lease Option

Disclosures and Reports

  • Inclusions: See attached list
  • Property ID: 72EASTMAINRDMDLT
  • Lot Number: 53

Listed by RE/MAX Profnl. Newport, Inc.

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Listing agents

— 72 E Main Rd —

  • RE/MAX Profnl. Newport, Inc.

  • RE/MAX Profnl. Newport, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 72 E Main Rd

School District:Middletown School District
NameGradesDistance
Middletown High School
130 Valley Road, Middletown, RI 02842
9-120.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 72 E Main Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/27/2024
Price Reduced
$1,170,000
-0.43%
MLS
2/06/2024
Listed
$1,175,000
1008.49%
MLS
12/16/1994
Sold
$106,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 72 E Main Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,956
5%
$732,600
—
2024
$9,509
21%
$732,600
75%
2023
$7,830
5%
$418,700
—
2022
$7,474
-3%
$418,700
—
2021
$7,688
—
$418,700
5%
2021
$7,688
6%
$398,700
—
2018
$7,256
-8%
$398,700
3%
2016
$7,925
2%
$387,700
—
2015
$7,738
-13%
$387,700
-7%
2014
$8,884
2%
$416,300
—
2013
$8,688
—
$416,300
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by RE/MAX Profnl. Newport, Inc.

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72 East Main Road, Middletown, RI 02842 (MLS# 1352280) is a Commercial Service property. 72 East Main Road is currently listed for $1,170,000 and was received on February 06, 2024. Want to learn more about 72 East Main Road? Do you have questions about finding other Commercial Service real estate for sale in Middletown? You can browse all Middletown real estate or contact a Coldwell Banker agent to request more information.

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